Market Conditions for Colleyville, Texas Reported by Ann Anker, REALTOR Updated February 10, 2012.

Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

Welcome to 2012! Results on last year indicate that things may be on the upswing for the real estate market in Colleyville and surrounding areas. February began with 198 homes on the market, an increase of 3% compared to same period last year. Through January, 23 homes sold, AN INCREASE of 44% over the same period in 2011. The total revenue is up 32%, $9,158,002. The average sales price is down 8% at $398,174 with the median price up 4% to $380,000. Days on market down 26% to 103 days

Homes sales in 2011 were up 10% over 2010. That is great news! 335 homes sold in 2011 with the total sales revenue up 8% to $157,733,075. The average home sold for $470,845, a 2% decrease with the median price of $408,000, a 4% decrease. The average number of days on market for sold home was 89, a decrease of 5%. January 2012 began with 232 homes on the market, a 6% decrease compared to January 2011.

review of last few years home sales
2011 335
2010 303
2009 289
2008 375
2007 461

Review of 2011
335 home sold, 10% increase
$157,733,075 total revenue, 8% increase
$470,845 average home sales price, 2% decrease
$408,000 median home sales price, 4% decrease
89 average days on the market, 25% increase
232 homes on market at end of year, 6% decrease

Review of 2010 The Colleyville housing market in 2010 experienced recovery compared to many of the other areas in Metroplex. ...The number of homes sold is up (5%) to 303. The total spent was $145,291,530, unchanged . The average sales price was $479,510, down 5% from the same period in 2009. The median home sales price increased by 1% to $425,000. Average DOM of 94, up 9%. All these statistics reflect an excellent direction for continued recovery.

Through December 2009 the number of homes sold (289) was down significantly (23%). Total $$ spend in 2009 $145,227,124, down 25% with the average sales price down slightly (2%) at $502,516 Days on the market in 2009 up 18% to 86 days.

The average sales price for 2008 was $515,652, down only 3% from the same time last year with total dollar volume in 2008 of $192,338,196. The average number of days on the market (73) increased 18%. This area has been impacted more than most in our area with sales down, listings up, average price down and longer market time. Hopefully this trend will begin to reverse in the next few months as this is a premier area.

In 2007 the total number of homes sold was 461, down slightly (6%) from same period 2006. The average sales price was $532,121, an increase of 10% from the same period last year. The total dollar amount spent on Residential Real Estate in Colleyville through December 2007 was $245,307,781, up 4%. MAKING OF A GREAT YEAR!! The best indicator of the market is Average Days on the Market; with the DOM at 60 days, down 6% from 2006..
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ZIP Code: 76034

Location Characteristics: Colleyville is an affluent, highly desirable area to live and work. Located near Dallas/Fort Worth International airport and an easy commute of Dallas, Fort Worth, Irving, and Alliance Airport and Business center.

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